Little Rock USDA Loan Rates, Closing Costs & Stats
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Little Rock's 47 lenders originated 244 USDA loans during 2023. The total origination value was $43,640,000, with an average USDA loan value of $178,852.
Little Rock USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Little Rock
averaged
5.96%
for the week of 2024-10-11, compared to the national average (all USDA variants) of
6.08% for the same period.
Little Rock's average USDA mortgage closing costs are $4,430.
The average rate for the prior week (2024-10-04) was
6.16% and
one month ago for the week of 2024-09-06, the
average rate was 6.04%.
The average rate one year ago was 7.34%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.9%.
Little Rock USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Little Rock level.
The top Little Rock USDA lender as defined by loan originations is FirstTrust Home Loans, Inc., with
54 USDA loans originated. Their average total fees are
$6,516, which is $355
lower than the next largest lender,
CORNERSTONE HOME LENDING, INC..
The lowest fee Little Rock USDA lenders (with over 10 loans originated) are
Eagle Bank and Trust Company ($5,955), FLAT BRANCH MORTGAGE, INC. ($6,313), FirstTrust Home Loans, Inc. ($6,516), PRIMARY RESIDENTIAL MORTGAGE, INC. ($6,610) and CORNERSTONE HOME LENDING, INC. ($6,871).
The lowest rate Little Rock USDA lenders (with over 10 loans originated) are
Eagle Bank and Trust Company (6.49%), CORNERSTONE HOME LENDING, INC. (6.68%), FirstTrust Home Loans, Inc. (6.79%), PRIMARY RESIDENTIAL MORTGAGE, INC. (6.82%) and FLAT BRANCH MORTGAGE, INC. (6.83%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $175,450 (9.7%) | $244,331 (12.8%) | 0.65 | 3,008 |
2018-02-01 | $179,900 (11.5%) | $245,904 (12.3%) | 0.65 | 2,995 |
2018-03-01 | $181,700 (7.7%) | $244,910 (9.0%) | 0.64 | 3,030 |
2018-04-01 | $186,000 (10.1%) | $250,433 (10.7%) | 0.63 | 3,070 |
2018-05-01 | $189,500 (11.5%) | $257,179 (11.5%) | 0.63 | 3,230 |
2018-06-01 | $189,900 (10.1%) | $258,144 (9.6%) | 0.63 | 3,318 |
2018-07-01 | $189,700 (8.5%) | $254,737 (7.6%) | 0.63 | 3,422 |
2018-08-01 | $189,900 (9.0%) | $251,646 (6.7%) | 0.64 | 3,469 |
2018-09-01 | $189,000 (8.1%) | $251,925 (6.9%) | 0.64 | 3,530 |
2018-10-01 | $189,900 (9.1%) | $251,662 (7.2%) | 0.64 | 3,641 |
2018-11-01 | $189,575 (8.6%) | $251,143 (6.4%) | 0.64 | 3,466 |
2018-12-01 | $188,650 (7.9%) | $250,221 (4.1%) | 0.65 | 3,351 |
2019-01-01 | $185,000 (5.4%) | $248,271 (1.6%) | 0.64 | 3,212 |
2019-02-01 | $187,875 (4.4%) | $251,484 (2.3%) | 0.63 | 3,133 |
2019-03-01 | $194,177 (6.9%) | $258,861 (5.7%) | 0.64 | 3,088 |
2019-04-01 | $199,925 (7.5%) | $267,156 (6.7%) | 0.63 | 3,058 |
2019-05-01 | $202,250 (6.7%) | $272,654 (6.0%) | 0.63 | 3,051 |
2019-06-01 | $205,000 (8.0%) | $275,687 (6.8%) | 0.64 | 3,046 |
2019-07-01 | $206,200 (8.7%) | $276,181 (8.4%) | 0.65 | 2,991 |
2019-08-01 | $207,882 (9.5%) | $278,146 (10.5%) | 0.66 | 2,949 |
2019-09-01 | $208,455 (10.3%) | $277,680 (10.2%) | 0.67 | 2,889 |
2019-10-01 | $209,400 (10.3%) | $277,511 (10.3%) | 0.68 | 2,838 |
2019-11-01 | $205,000 (8.1%) | $274,075 (9.1%) | 0.67 | 2,761 |
2019-12-01 | $203,900 (8.1%) | $276,556 (10.5%) | 0.68 | 2,603 |
2020-01-01 | $200,625 (8.5%) | $276,571 (11.4%) | 0.67 | 2,409 |
2020-02-01 | $210,000 (11.8%) | $281,206 (11.8%) | 0.69 | 2,316 |
2020-03-01 | $219,500 (13.0%) | $285,048 (10.1%) | 0.69 | 2,310 |
2020-04-01 | $219,250 (9.7%) | $283,617 (6.2%) | 0.69 | 2,278 |
2020-05-01 | $232,950 (15.2%) | $295,020 (8.2%) | 0.71 | 2,019 |
2020-06-01 | $239,450 (16.8%) | $304,708 (10.5%) | 0.71 | 1,856 |
2020-07-01 | $244,000 (18.3%) | $311,645 (12.8%) | 0.71 | 1,757 |
2020-08-01 | $245,000 (17.9%) | $319,699 (14.9%) | 0.70 | 1,614 |
2020-09-01 | $240,575 (15.4%) | $320,572 (15.5%) | 0.69 | 1,483 |
2020-10-01 | $244,500 (16.8%) | $329,144 (18.6%) | 0.70 | 1,425 |
2020-11-01 | $240,825 (17.5%) | $329,422 (20.2%) | 0.70 | 1,338 |
2020-12-01 | $239,450 (17.4%) | $330,942 (19.7%) | 0.71 | 1,209 |
2021-01-01 | $230,000 (14.6%) | $331,887 (20.0%) | 0.69 | 993 |
2021-02-01 | $244,950 (16.6%) | $335,296 (19.2%) | 0.71 | 848 |
2021-03-01 | $250,000 (13.9%) | $341,334 (19.8%) | 0.71 | 793 |
2021-04-01 | $248,950 (13.6%) | $342,671 (20.8%) | 0.67 | 763 |
2021-05-01 | $239,000 (2.6%) | $334,528 (13.4%) | 0.63 | 745 |
2021-06-01 | $235,000 (-1.9%) | $330,199 (8.4%) | 0.62 | 819 |
2021-07-01 | $245,000 (0.4%) | $332,199 (6.6%) | 0.65 | 989 |
2021-08-01 | $249,450 (1.8%) | $332,586 (4.0%) | 0.67 | 1,081 |
2021-09-01 | $249,450 (3.7%) | $330,521 (3.1%) | 0.67 | 1,089 |
2021-10-01 | $249,000 (1.8%) | $328,028 (-0.3%) | 0.66 | 1,000 |
2021-11-01 | $233,450 (-3.1%) | $314,851 (-4.4%) | 0.62 | 972 |
2021-12-01 | $236,950 (-1.0%) | $319,135 (-3.6%) | 0.64 | 868 |
2022-01-01 | $238,900 (3.9%) | $317,773 (-4.3%) | 0.65 | 772 |
2022-02-01 | $242,425 (-1.0%) | $334,573 (-0.2%) | 0.63 | 667 |
2022-03-01 | $251,950 (0.8%) | $364,229 (6.7%) | 0.63 | 691 |
2022-04-01 | $285,000 (14.5%) | $371,468 (8.4%) | 0.68 | 712 |
2022-05-01 | $289,900 (21.3%) | $370,416 (10.7%) | 0.66 | 833 |
2022-06-01 | $289,799 (23.3%) | $369,099 (11.8%) | 0.65 | 940 |
2022-07-01 | $280,000 (14.3%) | $358,317 (7.9%) | 0.63 | 1,154 |
2022-08-01 | $279,000 (11.9%) | $349,323 (5.0%) | 0.65 | 1,262 |
2022-09-01 | $284,900 (14.2%) | $348,585 (5.5%) | 0.67 | 1,250 |
2022-10-01 | $296,750 (19.2%) | $355,194 (8.3%) | 0.70 | 1,309 |
2022-11-01 | $289,950 (24.2%) | $343,642 (9.1%) | 0.70 | 1,453 |
2022-12-01 | $299,900 (26.6%) | $347,772 (9.0%) | 0.74 | 1,344 |
2023-01-01 | $300,000 (25.6%) | $348,249 (9.6%) | 0.74 | 1,230 |
2023-02-01 | $303,745 (25.3%) | $350,781 (4.8%) | 0.73 | 1,134 |
2023-03-01 | $303,500 (20.5%) | $352,093 (-3.3%) | 0.72 | 1,123 |
2023-04-01 | $315,000 (10.5%) | $358,708 (-3.4%) | 0.73 | 1,119 |
2023-05-01 | $313,450 (8.1%) | $366,326 (-1.1%) | 0.71 | 1,172 |
2023-06-01 | $321,500 (10.9%) | $377,181 (2.2%) | 0.72 | 1,236 |
2023-07-01 | $325,000 (16.1%) | $386,719 (7.9%) | 0.74 | 1,287 |
2023-08-01 | $320,450 (14.9%) | $381,768 (9.3%) | 0.74 | 1,320 |
2023-09-01 | $319,900 (12.3%) | $367,463 (5.4%) | 0.74 | 1,490 |
2023-10-01 | $295,000 (-0.6%) | $352,688 (-0.7%) | 0.69 | 1,682 |
2023-11-01 | $299,450 (3.3%) | $360,011 (4.8%) | 0.71 | 1,748 |
2023-12-01 | $299,900 (0.0%) | $356,070 (2.4%) | 0.73 | 1,756 |
2024-01-01 | $296,500 (-1.2%) | $350,901 (0.8%) | 0.72 | 1,669 |
2024-02-01 | $299,450 (-1.4%) | $353,066 (0.7%) | 0.72 | 1,641 |
2024-03-01 | $309,900 (2.1%) | $361,595 (2.7%) | 0.73 | 1,633 |
2024-04-01 | $315,000 (0.0%) | $372,747 (3.9%) | 0.73 | 1,653 |
2024-05-01 | $311,125 (-0.7%) | $373,294 (1.9%) | 0.70 | 1,812 |
2024-06-01 | $299,900 (-6.7%) | $367,813 (-2.5%) | 0.67 | 2,013 |
2024-07-01 | $296,500 (-8.8%) | $364,066 (-5.9%) | 0.68 | 2,218 |
2024-08-01 | $290,000 (-9.5%) | $360,886 (-5.5%) | 0.67 | 2,361 |
2024-09-01 | $291,000 (-9.0%) | $356,316 (-3.0%) | 0.68 | 2,463 |
Little Rock's median listing price comes in at 68% of the national average.
Little Rock's average listing price for 2024-09-01 was $356,316, a difference of $-11,147 (-3.0%) versus the prior year and $-4,570 versus the prior month.
For the 2024-09-01 period, Little Rock had 2,463 MLS listings, a difference of 102 listings (4%) versus the prior month and 973 listings (65%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 77 days | 1,909 sqft |
2018-02-01 | 66 days | 1,910 sqft |
2018-03-01 | 55 days | 1,928 sqft |
2018-04-01 | 55 days | 1,940 sqft |
2018-05-01 | 52 days | 1,952 sqft |
2018-06-01 | 53 days | 1,962 sqft |
2018-07-01 | 55 days | 1,957 sqft |
2018-08-01 | 57 days | 1,955 sqft |
2018-09-01 | 60 days | 1,937 sqft |
2018-10-01 | 64 days | 1,942 sqft |
2018-11-01 | 66 days | 1,925 sqft |
2018-12-01 | 74 days | 1,902 sqft |
2019-01-01 | 72 days | 1,900 sqft |
2019-02-01 | 63 days | 1,901 sqft |
2019-03-01 | 55 days | 1,945 sqft |
2019-04-01 | 55 days | 1,998 sqft |
2019-05-01 | 53 days | 2,012 sqft |
2019-06-01 | 58 days | 2,022 sqft |
2019-07-01 | 59 days | 2,035 sqft |
2019-08-01 | 60 days | 2,047 sqft |
2019-09-01 | 63 days | 2,037 sqft |
2019-10-01 | 63 days | 2,035 sqft |
2019-11-01 | 65 days | 2,026 sqft |
2019-12-01 | 71 days | 2,025 sqft |
2020-01-01 | 68 days | 2,000 sqft |
2020-02-01 | 55 days | 2,050 sqft |
2020-03-01 | 52 days | 2,094 sqft |
2020-04-01 | 56 days | 2,074 sqft |
2020-05-01 | 62 days | 2,146 sqft |
2020-06-01 | 52 days | 2,149 sqft |
2020-07-01 | 46 days | 2,148 sqft |
2020-08-01 | 43 days | 2,150 sqft |
2020-09-01 | 44 days | 2,142 sqft |
2020-10-01 | 44 days | 2,129 sqft |
2020-11-01 | 46 days | 2,123 sqft |
2020-12-01 | 52 days | 2,081 sqft |
2021-01-01 | 56 days | 2,048 sqft |
2021-02-01 | 45 days | 2,063 sqft |
2021-03-01 | 40 days | 2,040 sqft |
2021-04-01 | 31 days | 1,979 sqft |
2021-05-01 | 25 days | 1,936 sqft |
2021-06-01 | 24 days | 1,899 sqft |
2021-07-01 | 24 days | 1,978 sqft |
2021-08-01 | 32 days | 1,976 sqft |
2021-09-01 | 38 days | 1,978 sqft |
2021-10-01 | 40 days | 1,949 sqft |
2021-11-01 | 37 days | 1,910 sqft |
2021-12-01 | 45 days | 1,939 sqft |
2022-01-01 | 47 days | 1,969 sqft |
2022-02-01 | 36 days | 1,928 sqft |
2022-03-01 | 30 days | 1,925 sqft |
2022-04-01 | 25 days | 2,027 sqft |
2022-05-01 | 26 days | 2,034 sqft |
2022-06-01 | 29 days | 2,065 sqft |
2022-07-01 | 29 days | 1,996 sqft |
2022-08-01 | 34 days | 2,020 sqft |
2022-09-01 | 39 days | 2,048 sqft |
2022-10-01 | 38 days | 2,084 sqft |
2022-11-01 | 40 days | 2,043 sqft |
2022-12-01 | 51 days | 2,058 sqft |
2023-01-01 | 52 days | 2,024 sqft |
2023-02-01 | 48 days | 2,009 sqft |
2023-03-01 | 46 days | 1,996 sqft |
2023-04-01 | 40 days | 2,025 sqft |
2023-05-01 | 38 days | 2,088 sqft |
2023-06-01 | 39 days | 2,117 sqft |
2023-07-01 | 39 days | 2,146 sqft |
2023-08-01 | 40 days | 2,121 sqft |
2023-09-01 | 38 days | 2,104 sqft |
2023-10-01 | 43 days | 1,976 sqft |
2023-11-01 | 46 days | 2,000 sqft |
2023-12-01 | 56 days | 1,991 sqft |
2024-01-01 | 54 days | 1,957 sqft |
2024-02-01 | 52 days | 1,952 sqft |
2024-03-01 | 45 days | 1,991 sqft |
2024-04-01 | 45 days | 2,035 sqft |
2024-05-01 | 38 days | 2,049 sqft |
2024-06-01 | 41 days | 1,994 sqft |
2024-07-01 | 45 days | 1,946 sqft |
2024-08-01 | 46 days | 1,925 sqft |
2024-09-01 | 50 days | 1,920 sqft |
Little Rock's median square footage for active listings during the 2024-09-01 period was 1,920 sqft. One year prior, the average listing was 2,104 sqft.